True or false; all large plans are required to file Form 5500.

• A. True
• B. False
• C. Sometimes
• D. Depends on the plan type

Answer: (A)

The assertion is true because all large plans, typically defined as those with 100 or more participants, are required to file Form 5500 with the Department of Labor (DOL) each year. This filing serves as an annual report that provides essential information about the plan's financial status, operations, and compliance with applicable regulations.

This requirement applies to defined benefit plans and defined contribution plans, ensuring transparency and accountability in how these retirement plans are managed. Large plans must adhere to this requirement irrespective of other factors like plan type or specific circumstances. This consistent reporting helps regulatory agencies monitor compliance with ERISA (Employee Retirement Income Security Act) and provides valuable information to participants and beneficiaries regarding the plan's health.

Smaller plans, on the other hand, may have different reporting obligations or exemptions based on their size or specific characteristics, explaining why the requirement does not universally apply to all plans.